18th
December 2018 - Global
Fiber Laser Market is expected to grow at a significant CAGR in the upcoming
years as the scope and its applications are rising enormously across the globe.
Fiber Laser is termed as a special laser wherein the beam transfer as well as e
laser cavity are united into a single system inside an optical fiber with the
beam produced within the fiber. Optical fiber is incapacitated in rare elements
like dysprosium, erbium, holmium, ytterbium, praseodymium, neodymium, or
thulium. It comprises a high integration capability, maintenance-free
operation, high reliability, and ease of use.
Rising demand for energy efficient and automated fiber laser,
eco-friendly technology, continuous technological enhancement, and high beam
quality and lower cost of ownership are documented as the major driving factors
to Fiber Laser Market. However, availability of limited suppliers may restrain
overall market in the coming years. Fiber Laser Market is segmented based on
type, application, and region.
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Visible Fiber Laser, Infrared Fiber Laser, Ultrafast Fiber Laser, and
Ultraviolet Fiber Laser are the types that could be explored in Fiber Laser in
the forecast period. Visible Fiber Laser sector comprises Nanosecond Fiber
Laser and Quasi-CW Green Fiber Laser. On the other handas, Ultraviolet Fiber
Laser sector comprises Femtosecond Fiber Laser and Picosecond Fiber Laser.
The ultrafast fiber laser sector accounted for the substantial market
share of Fiber Laser and is estimated to lead the overall market in the upcoming
period. This may be because of its reliability, compact size, wall plug
efficacy, and high beam quality. In addition, it suppresses the undesired pulse
pedestals and nonlinear optical effects. The UV fiber lasers make them ideal
for use in precision intensive applications like stripping of metals, ceramics,
glass, and plastics, micro drilling, and thin film sputtering.
The market may be categorized based on applications like micro
processing, high power, fine processing, marking, and others. High power sector
comprises welding (tube welding, car body seam welding/brazing and power train)
and cutting (3D cutting, flat sheet cutting, and tube cutting). High power
sector accounted for the significant market share of Fiber Lasers and is
estimated to continue its dominance in the coming years.
Globally, Asia Pacific regional market accounted for the largest market
share of Fiber Lasers in 2017 and will lead the overall market in the upcoming
period. This is mainly due to the existence of low-cost labor and raw
materials, increasing manufacturing plants in developing regions, and adoption
of fiber lasers for increased precision, and reduced operational costs. In
addition, high demand in automotive and electronics industry is another driving
factor. The developing countries like India and China are the major consumers
of Fiber Laser in this region.
The key players of Fiber Laser Market are Wuhan Raycus Fiber Laser
Technologies, Coherent, TRUMPF, FANUC, and IPG Photonics. These players are
concentrating on inorganic growth to sustain themselves amidst fierce
competition.
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